Wipfli Financial Advisors LLC Acquires Shares of 1,982 NCR Co. (NYSE:NCR)

Wipfli Financial Advisors LLC bought a new position in NCR Co. (NYSE:NCR – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,982 shares of the information technology services provider’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also modified their holdings of NCR. Capital Research Global Investors boosted its holdings in shares of NCR by 103.4% in the 1st quarter. Capital Research Global Investors now owns 2,449,150 shares of the information technology services provider’s stock worth $98,431,000 after acquiring an additional 1,245,050 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of NCR by 156.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,542,828 shares of the information technology services provider’s stock worth $47,997,000 after acquiring an additional 940,767 shares in the last quarter. Clearline Capital LP boosted its holdings in shares of NCR by 99.2% in the 2nd quarter. Clearline Capital LP now owns 1,279,762 shares of the information technology services provider’s stock worth $39,813,000 after acquiring an additional 637,460 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of NCR by 100.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,179,525 shares of the information technology services provider’s stock worth $35,657,000 after acquiring an additional 591,126 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of NCR by 154,000.0% in the 3rd quarter. National Bank of Canada FI now owns 462,300 shares of the information technology services provider’s stock worth $8,789,000 after acquiring an additional 462,000 shares in the last quarter. 92.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NCR

In other NCR news, EVP Adrian Button sold 13,000 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $20.38, for a total transaction of $264,940.00. Following the completion of the sale, the executive vice president now owns 44,466 shares in the company, valued at approximately $906,217.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Adrian Button sold 13,000 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $20.38, for a total value of $264,940.00. Following the completion of the transaction, the executive vice president now owns 44,466 shares of the company’s stock, valued at approximately $906,217.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph E. Reece purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was purchased at an average cost of $20.82 per share, with a total value of $104,100.00. Following the acquisition, the director now directly owns 23,018 shares in the company, valued at $479,234.76. The disclosure for this purchase can be found here. Corporate insiders own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NCR shares. Stephens boosted their target price on NCR from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, December 8th. DA Davidson dropped their price objective on shares of NCR from $45.00 to $35.00 in a research report on Thursday, October 27th. Morgan Stanley dropped their price objective on shares of NCR from $27.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, October 17th. Finally, StockNews.com initiated coverage on shares of NCR in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

NCR Stock Performance

NCR stock opened at $25.65 on Wednesday. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.15 and a quick ratio of 0.85. The company has a 50 day moving average price of $23.41 and a 200 day moving average price of $25.73. NCR Co. has a fifty-two week low of $18.06 and a fifty-two week high of $44.59. The stock has a market capitalization of $3.52 billion, a PE ratio of 29.48 and a beta of 1.66.

NCR (NYSE:NCR – Get Rating) last issued its earnings results on Tuesday, October 25th. The information technology services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2 billion. NCR had a net margin of 1.78% and a return on equity of 27.28%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. Analysts forecast that NCR Co. will post 2.59 EPS for the current year.

About NCR

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NCR Corporation provides various software and services worldwide. It operates through Banking, Retail, Hospitality, and Telecommunications and Technology segments. The company offers managed services and ATM-as-a-Service that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.